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the fiscal cliff deal keeps income tax rates at courage level for 98% but doesn't extend the payroll tax cut. more will go into socialsecurity. most lower and middle income familiesly vied -- families will avoid a thousand more in income taxes they will pay more for payroll taxer. >>> 2013 means changes are coming to health care. big thing to watch is with the health insurance exchanges. they have to be up and running by october 1st. only 18 states including maryland on thed to build their exchange -- opted to build their own exchange. other things to watch out with the health care reform act is contributions to a flexible spending amount is limited to 2500 dollars but you can deduct more unreimbursed medical cost when you file taxes but for that you have to itemize. >>> 5:33. in the new year it's off to a tough start for one county in sighs i will county. -- cecil county. a 10-year-old girl is fighting for her life after ringing in the new year. linda so is here to tell us what happened. >> reporter: it's serious. at last check she was in critical condition on life support. it happe
the fiscal cliff deal keeps income tax rates at courage level for 98% but doesn't extend the payroll tax cut. more will go into socialsecurity. most lower and middle income familiesly vied -- families will avoid a thousand more in income taxes they will pay more for payroll taxer. >>> 2013 means changes are coming to health care. big thing to watch is with the health insurance exchanges. they have to be up and running by october 1st. only 18 states including maryland on thed to build...
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Mar 11, 2013
03/13
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fed chairman ben bernanke gave it a name. >> it would be a massive fiscal cliff of large spending cuts and tax increases. >> the fiscal cliff was a classic example. what happened? >> you keep putting these things off and another election came up. >> the 2012 election settled nothing. they re-elected president obama but let republicans keep control of the house. like it or not a divided nation left government by crisis a second term. >> with one crisis averted and another on the way the president speaks to the nation. e lobster m or new grilledobster and lobster tacos. come in now and sea food differently. visit redlobster.com now for an exclusive $10 coupon on two lobsterfest entrees. >> welcome back. you have seen how president obama used fiscal crisis to maneuver republicans. taxes went up. the sequester the long threatened budget act was postponed. the fractured gop failed to have a winning message or strategy. we resume ors on february 12th. lawmakers are taking a chance to make their own point ahead of the president's big speech. >> we have to get spending under control. ron johns
fed chairman ben bernanke gave it a name. >> it would be a massive fiscal cliff of large spending cuts and tax increases. >> the fiscal cliff was a classic example. what happened? >> you keep putting these things off and another election came up. >> the 2012 election settled nothing. they re-elected president obama but let republicans keep control of the house. like it or not a divided nation left government by crisis a second term. >> with one crisis averted and...
WHUT (Howard University Television)
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Jan 1, 2013
01/13
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off of a fiscal cliff. leader of north korea makes a rare news." broadcast a reunified korea. >> the gift of peace, the pope celebrates a new year's mass in rome. welcome to "bbc world news." also in this program, top concerns as one in three women in south africa try to lighten their skin. and an amazing escape by helicopter after it crashes into the sea in brazil. ♪ >> hello, happy new year to you. the deal is done now, the u.s. is counting on the and calls fof wrapped -- house of representatives to approve a bill that would avert the fiscal cliff. it was approved by the senate in the early hours in new year's day. the deadline was technically missed, but as long as the bill clears its final hurdle, a few effects will be felt, as today is a u.s. public holiday. >> vice-president joe biden, dropping in on congress until -- as the clock ticks down to midnight. with good humor, a deal with senate republicans had been struck. >> i feel very good, we will get a very good vote tonight. happy new year. >> memb
off of a fiscal cliff. leader of north korea makes a rare news." broadcast a reunified korea. >> the gift of peace, the pope celebrates a new year's mass in rome. welcome to "bbc world news." also in this program, top concerns as one in three women in south africa try to lighten their skin. and an amazing escape by helicopter after it crashes into the sea in brazil. ♪ >> hello, happy new year to you. the deal is done now, the u.s. is counting on the and calls fof...
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Mar 30, 2013
03/13
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the end of the year fiscal cliff debacle delayed everything. the budget cuts have been in effect for a month but the sky hasn't fallen. few of the cuts have happened yet. agencies are finding ways to deal with the bad policy that's been thrust on them. the pentagon says it it only has to furlough workers for 14 days instead of 22 days. and we have a bit of a breather before the next mini crisis hits. a fight over the debt ceiling is brewing again. that showdown season likely to hit until midsummer. there are even signs of reaching across the aisle. the president met with lawmakers of both major parties. no major breakthroughs though, but at least her talking. he's called on johnny isaacson to organize a dinner with senate republicans. this would be the second sit-down with gop senators in a matter of weeks. for just a moment here, for just a moment, it it appears washington may have stepped aside just enough to question out of the way of economic recovery. is it going to last? david moore is a writer for "the wall street journal." these are gre
the end of the year fiscal cliff debacle delayed everything. the budget cuts have been in effect for a month but the sky hasn't fallen. few of the cuts have happened yet. agencies are finding ways to deal with the bad policy that's been thrust on them. the pentagon says it it only has to furlough workers for 14 days instead of 22 days. and we have a bit of a breather before the next mini crisis hits. a fight over the debt ceiling is brewing again. that showdown season likely to hit until...
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Feb 13, 2013
02/13
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no more peering over the fiscal cliff. >> let's work to pass a budget and replaces reckless cuts with smart savings and wise investment in our future, and let's do it without what scares off investors. the greatest nation interest cannot protect its business are drifting from one crisis to the next. >> he said he wanted to rebuild the economy for the middle classes, raise minimum wage, fight climate change, how illegal immigrants, and rain in the gun culture. >> they deserved a vote. gabby giffords deserves a vote. the families of newtown deserved a vote. the families of our red deserved a vote. -- of aurora deserve a vote. the president's constant refrain underlines his weakness , who is because some republicans think his plans will come to nought and most want to oppose him. marco rubio was uncompromising but wants to change his party's image. >> i still live in the same working-class neighborhood. they are workers who have to get up early tomorrow morning to pay the bills. >> the president must make some republicans see compromise as a central part of that. >> it has been described
no more peering over the fiscal cliff. >> let's work to pass a budget and replaces reckless cuts with smart savings and wise investment in our future, and let's do it without what scares off investors. the greatest nation interest cannot protect its business are drifting from one crisis to the next. >> he said he wanted to rebuild the economy for the middle classes, raise minimum wage, fight climate change, how illegal immigrants, and rain in the gun culture. >> they deserved...
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Jan 3, 2013
01/13
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adam smith who voted against the fiscal cliff agreement yesterday. congressman, thanks for joining us. first explain why you voted against it. explain why you voted no. >> your opening statement explained one big reason, it doesn't do anything. we're two months, sequestration looms over all discretionary spending. i'm on the armed services committee, so i pay particular attention to the defense, but i the programs that will go the next two months without any idea of how much money they're going to have. it didn't do anything on that, and then worse it locked in place, made permanent 90% of the bush tax cuts. are the house republicans seriously going to put revenue on the table as we deal with the fiscal cliff and the debt ceiling? the size of the cuts to critical programs to deal with the deficit now that we locked in 90% of the bush tax cuts is way beyond what i can accept. >> eliot: you're exactly right. it's an argument that it's mystifying to me that more democrats didn't stand up and say this isn't efficient. we only get the revenue over the ten
adam smith who voted against the fiscal cliff agreement yesterday. congressman, thanks for joining us. first explain why you voted against it. explain why you voted no. >> your opening statement explained one big reason, it doesn't do anything. we're two months, sequestration looms over all discretionary spending. i'm on the armed services committee, so i pay particular attention to the defense, but i the programs that will go the next two months without any idea of how much money they're...
WHUT (Howard University Television)
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Jan 2, 2013
01/13
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that would have been triggered by the fiscal cliff. after months of wrangling, neither side was happy, but at least they were in the mood to compromise. >> following the lead of the senate, they pass the bill by 89-8 last night. this is the time for the house to act. >> the bill before us is not the grand bargain that i and my colleagues would have hoped that we would have been able to achieve. but what we are doing this evening, mr. speaker, is an essential bridge to what i hope will be a comprehensive, long- term solution. >> coming just before trading reopened before the holiday break, the deal preempted the possibility of a major meltdown on the financial markets. having reached a grudging agreement on tax increases, both sides have yet to agree on spending cuts. those discussions could prove even more contentious. >> let's start with the market response. it is pretty bright? >> it has been good, especially over in asia. we had gains coming through in western europe. over six taught -- over 6000 since 2011. the whole situation is b
that would have been triggered by the fiscal cliff. after months of wrangling, neither side was happy, but at least they were in the mood to compromise. >> following the lead of the senate, they pass the bill by 89-8 last night. this is the time for the house to act. >> the bill before us is not the grand bargain that i and my colleagues would have hoped that we would have been able to achieve. but what we are doing this evening, mr. speaker, is an essential bridge to what i hope...
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Jan 2, 2013
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now the fiscal cliff deal would shield income tax cuts for all workers earning less than 400,000 dollars a year and households less than 450,000 dollars. it also he prevents a tax hike on estates valued at less than 5 million dollars. it extends unemployment benefits for about 2 million people that were set to expire. what it doesn't do is raise the debt ceiling. in two months government will reach the limit on borrowing unless congress acts. bill only delays large cuts to the pentagon and other government programs. although congress missed the january 1st midnight deadline by-passing the compromise deal in the house and senate, congress can try to take credit for retroactive tax cuts. >> it's a very, very strong first step. >> this is an important one. that is critical one for the future of the country. >> reporter: so in march another round of fighting as congress tackles the debt ceiling. sherrie johnson, abc2 news. >>> immediately after commenting on the house vote the president headed to andrews air force base in maryland and this is new video from overnight where he boarded the pla
now the fiscal cliff deal would shield income tax cuts for all workers earning less than 400,000 dollars a year and households less than 450,000 dollars. it also he prevents a tax hike on estates valued at less than 5 million dollars. it extends unemployment benefits for about 2 million people that were set to expire. what it doesn't do is raise the debt ceiling. in two months government will reach the limit on borrowing unless congress acts. bill only delays large cuts to the pentagon and...
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Jan 2, 2013
01/13
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to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with the automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> we get to look forward to so much more. >>> victims of hurricane sandy will have to wait longer for help. lawmakers did not vote on a measure to provide aid to people affected by the storm. the senate hassocked more than $60 billion to the region, but house republicans say the price tag is too high and includes too much pork. >>> secretary of state clinton spending her fourth day in the hospital being treated for blood clots. chelsea clinton tweeted, thank you for all sending good thoughts my mom's day. grateful to her doctors and that she'll make a full recovery. still not clear how soon clinton will be able to go home. >>> overseas now, and gunman in northwest pakistan have am busheled a van, killing five pakistani teachers and two health workers. all but one were women. they were working for a p
to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with the automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> we get to look forward to so much more. >>> victims of hurricane sandy will have to wait longer for help. lawmakers did not vote on a measure to provide aid to people affected by the storm. the senate hassocked more than $60...
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Jan 2, 2013
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. >> finally progress on the fiscal cliff showdown. president obama now on his way back to hawaii to resume his vacation with his family. good morning. it is 4:30. thank you for joining us. >> we are glad to have you with us on this wednesday and in this new year of 2013. let's check in with jackie. >> it will not be a bad day overall. starting out on the ugly side of things will improve as we progress especially into the afternoon. a bit of cloud cover. just a smidge fof a wintry mix. that will be short-lived. it will be out of here by late morning. temperature wise, not as bad -- not a bad start here. almost everybody above freezing. 32 at it as brick and frigid. 35 at dulles. 38 in washington. highs in the upper 30's and low 40's. we are going to head to traffic. >> good morning. it feels like money mining -- monday morning. no major problems around the region. maryland virginia, and the district. no road work on the beltway. no problems for the entire beltway to report. i-95 -- regina heading north coming out of stafford, what brid
. >> finally progress on the fiscal cliff showdown. president obama now on his way back to hawaii to resume his vacation with his family. good morning. it is 4:30. thank you for joining us. >> we are glad to have you with us on this wednesday and in this new year of 2013. let's check in with jackie. >> it will not be a bad day overall. starting out on the ugly side of things will improve as we progress especially into the afternoon. a bit of cloud cover. just a smidge fof a...
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Jan 2, 2013
01/13
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cliffs over the next few months. the only issues that we will be discussing is what to cut and how deeply to cut it. i actually believe that if the federal government can play a constructive role in society, we have an investment deficit in terms of education and skills training and research and innovation. we will not have the resources to be able to provide those kinds of services to the american public let alone to our children's future. >> when all the things that he mentioned that america needs to do not just in the short term, with these two new hurdles, but in the longer term, immigration, energy, all of the big things. washington cannot get anything done if we have had this kind of an absurd fight over this 1 deal. >> 1 of the things you will notice is that the house passed a bill on a bipartisan basis and sent them to the senate. the senate did not take those bills up. the tax bill which came back to us yesterday was a great example of that. we passed that bill with bipartisan support on august 1st. it has b
cliffs over the next few months. the only issues that we will be discussing is what to cut and how deeply to cut it. i actually believe that if the federal government can play a constructive role in society, we have an investment deficit in terms of education and skills training and research and innovation. we will not have the resources to be able to provide those kinds of services to the american public let alone to our children's future. >> when all the things that he mentioned that...
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congress did reach a deal to keep our nation from plummeting off the so-called fiscal cliff so we are safe for now. at least sort of. last night, the house aeveryone proofed the not bill which presents major tax cuts from expiring on income below $400,000 for individuals and $450 for couples and delays the crippling cuts for only do months, and that means we could see yet another last-minute stand off before march 1. president obama vowed to sign the bill. the vote was not unanimous. many republicans in the g.o.p.-led house voted against the bill. many of them argued it does not do enough to curve spending. it saw more bipartisan support in the senate with only a handful of lawmakers in both parties voting "no." the debate was quite intense. mike emanuel is live on capitol hill where he has been following it. the bill had the votes to pass. what was the final pitch? >>reporter: extending the bush tax cuts for individuals making up to $400,000 and couples making up to $450,000, giving certainty and some permanence and avoiding taking the economy off the fiscal cliff. >> by making repub
congress did reach a deal to keep our nation from plummeting off the so-called fiscal cliff so we are safe for now. at least sort of. last night, the house aeveryone proofed the not bill which presents major tax cuts from expiring on income below $400,000 for individuals and $450 for couples and delays the crippling cuts for only do months, and that means we could see yet another last-minute stand off before march 1. president obama vowed to sign the bill. the vote was not unanimous. many...
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Jan 2, 2013
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cliff. we will have details coming up. >> the bay area is waking up to cold temperatures this morning. we will have team coverage all around the bay area this morning. >> we are at 28 degrees and san rafael. we have been around this number for the past hour. we did start out at 26 degrees. we did he go for about two degrees. a lot of people are headed back to work this morning and that will have to use their ice scrapers. the offer is one in that you talked about as an affect on tel 9:00 a.m.. >> you will need your scarf and some hot cocoa. there is no wood and burning allowed today. we are at 27 degrees in fairfield. we are same low 40's for the east shore line. redwood city is waking up to temperatures of the upper 30's. we do have winter weather advisories through 9:00 a.m.. as we head into afternoon the temperatures will be a little bit warmer that yesterday. i will break down the numbers and talk about the extended forecast coming up. >> more now on the developing news this morning. wil
cliff. we will have details coming up. >> the bay area is waking up to cold temperatures this morning. we will have team coverage all around the bay area this morning. >> we are at 28 degrees and san rafael. we have been around this number for the past hour. we did start out at 26 degrees. we did he go for about two degrees. a lot of people are headed back to work this morning and that will have to use their ice scrapers. the offer is one in that you talked about as an affect on tel...
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Jan 3, 2013
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>>>over night, we learned that president obama signed the fiscal cliff bill, which preserves tax cuts for most americans. the agreement sent stocks surging with the dow jones up 300 points. the euphoria, ain't going to last long. big cuts with defense were not worked out, but were delayed for two months. another example of kicking that can down the road. >> and a small plane has crashed at a las vegas airport. but fortunately, no one was seriously injured. the twin engine plane skidded off the runway, burst into flames yesterday afternoon. the two people on board managed to escape before the fire engulfed the cabin. escaping without serious injuries. >>> powerful winds in southern california knocked out power and caused major travel problems. this big rig was knocked on its side by those winds, leaving the driver with a broken leg. that is some pretty hefty winds. >>> also, at a nearby construction site, work came to a halt after the winds blew down a fence and knocked over the port-a-potties. it's expected to be just as windy today. oh, you know what? the poor soul that had to clean
>>>over night, we learned that president obama signed the fiscal cliff bill, which preserves tax cuts for most americans. the agreement sent stocks surging with the dow jones up 300 points. the euphoria, ain't going to last long. big cuts with defense were not worked out, but were delayed for two months. another example of kicking that can down the road. >> and a small plane has crashed at a las vegas airport. but fortunately, no one was seriously injured. the twin engine plane...
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to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> so basically they just worked out the tax code here. they've got the spending cuts coming up in the next couple of months. but republicans in the house didn't really like it. they voted just about 2-1 against it. but this gives them a little leverage coming up when they start negotiating for the spending cuts. i thought it was interesting, two that did vote for it, the speaker of the house, john boehner, and former vice presidential candidate paul ryan voted for the bill. against it, marco rubio. so that sets up a nice dynamic for 2016. >> no doubt about it. to put it very simple, they kicked the can down the road a little bit. we're going to catch back up with it and deal with it again. >> one other quick note, i think everybody will take a little bit of a hit because the expiration of the payroll tax
to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> so basically they just worked out the tax code here. they've got the spending cuts coming up in the next couple of months. but republicans in the house didn't really like it. they voted just about 2-1 against it. but this gives them a little...
WHUT (Howard University Television)
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Jan 4, 2013
01/13
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WHUT
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under the fiscal cliff deal. john boehner addressed the debt thursday in his opening speech. >> as speaker, i pledge to listen and to do all i can to help all of you carry out your oath of office that we are all about to take. because in our hearts we know it is wrong to pass this debt onto our kids and grandkids, now we have to be willing, truly willing to make this problem right. >> house speaker john boehner faced a massive backlashes week after initially canceling a vote on relief for superstorm sandy. the house is expected to vote on the first round of aid today. gun-control advocates introduced legislation on the first day of the new congress to ban high- capacity ammunition magazines in recent -- used in recent massacres including the one at sandy hook last month. carolyn mccarthy of new york said the assault magazines help put the mass in that shooting and anything we can do to stop their proliferation will save lives in america. she lost her husband in a shooting on the long island rail road. she introdu
under the fiscal cliff deal. john boehner addressed the debt thursday in his opening speech. >> as speaker, i pledge to listen and to do all i can to help all of you carry out your oath of office that we are all about to take. because in our hearts we know it is wrong to pass this debt onto our kids and grandkids, now we have to be willing, truly willing to make this problem right. >> house speaker john boehner faced a massive backlashes week after initially canceling a vote on...
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Feb 26, 2013
02/13
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CURRENT
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but the fiscal cliff is where the white house did a good thing. we did get revenues and we avoid avoided draconian cuts that could have been damaging. the republican caucus is determined to get cuts at any price, that's a foolish approach. what you're going to see as this unfolds is the harm will become evident--the harm to the economy will become evident and there will be reaction. we've already seen the market getting spooked today with the largest drop in the dow over the last couple of months. >> john: they seem to think that the sequester is a tea party victory. does that mean that the tea party are arguably calling the shots in the house? >> well, they do in some ways. the republicans are split between what i call practical conservatives and tea party folks who essentially have as an agenda not cutting the budget but undermining constitutions in government. they think we ought to get rid of it. the republicans need those tea party votes to get something passed. so they basically have the power of no. >> john: congressman peter welch, congres
but the fiscal cliff is where the white house did a good thing. we did get revenues and we avoid avoided draconian cuts that could have been damaging. the republican caucus is determined to get cuts at any price, that's a foolish approach. what you're going to see as this unfolds is the harm will become evident--the harm to the economy will become evident and there will be reaction. we've already seen the market getting spooked today with the largest drop in the dow over the last couple of...
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Nov 18, 2013
11/13
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it was last extended at the beginning of this year as part of a deal to divert fiscal cliffs with spending cuts. the chances of that happening again don't look very good despite a push from congressional democrats and the white house. the program is still necessary due to the sluggish recovery and still high jobless rate. it will cost 250 billion and more. they will discuss the right stance on this issue yet. they are struggling to find alternatives in sequestration cuts. the chances of an extension before congress adjourns are slim. if the program does expire as many as 4.8 million affected is the last he estimate received. >> a fox news alert to tell you about this morning caught on camera. how the twister is woring across the midwest doing incredible damage. look at that. wxin reporter liz jill lard is in indiana where a state of emergency was declared. good morning, liz. >> good morning. that state of emergency has been in effect all night. city officials telling residence dents if you don't need to go out, don't. this is a dangerous situation. much of the area is without power. power
it was last extended at the beginning of this year as part of a deal to divert fiscal cliffs with spending cuts. the chances of that happening again don't look very good despite a push from congressional democrats and the white house. the program is still necessary due to the sluggish recovery and still high jobless rate. it will cost 250 billion and more. they will discuss the right stance on this issue yet. they are struggling to find alternatives in sequestration cuts. the chances of an...
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Jan 1, 2013
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a m was proved on tax incruises and spending cuts, possibly avoiding the fiscal cliff. now the m goes to the house of representatives. ed payne has the story. >> reporter: at the stroke of med night, many americans were celebrating and bringing in the new year. but the mood in washington, much more serious. vice president joe biden went to capitol hill late after the deal was struck. the senate went back into session, and around 2:00 a.m., the vote was in. the bill as amended is passed. >> reporter: the senate approved a measure that puts off spending cuts for two months and keeps the tax cuts for individuals earning less than $400,000 and couples earning more than 450,000 there. the goal was to protect the middle class families. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. they can decide how they're going to pay for groceries, rent. >> we don't think taxes should be going up on anyone, but we all knew that if we did nothing, they would be going up on everyone today. we weren't going to let that happen. >> reporter:
a m was proved on tax incruises and spending cuts, possibly avoiding the fiscal cliff. now the m goes to the house of representatives. ed payne has the story. >> reporter: at the stroke of med night, many americans were celebrating and bringing in the new year. but the mood in washington, much more serious. vice president joe biden went to capitol hill late after the deal was struck. the senate went back into session, and around 2:00 a.m., the vote was in. the bill as amended is passed....
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Jan 2, 2013
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cliff tax increases. at least for now avert big across-the-board federal spending cuts. we've been following the developing story all day long. a story that touches each and every one of us. tonight we have team coverage for you. we'll take a look at the hit your wallet is still going to take as they have reaction tonight from capitol hill. but first a quick recap of what has been happening on the hill since you sat down to dinner. many lawmakers wanted the spending cuts added to it now. they wanted individuals earning $400 and families earning about $450,000. and it also delays big spending cuts for at least two months. now congress will have to deal with that later and deal with whether to raise the $16.4 trillion borrowing limit so the government can keep paying its bills. but once again the senate measure has now been approved by the house. we take you to capitol hill where we've been monitoring the votes that just came in, gary? >> reporter: good evening. as you said our assignment was to engage the
cliff tax increases. at least for now avert big across-the-board federal spending cuts. we've been following the developing story all day long. a story that touches each and every one of us. tonight we have team coverage for you. we'll take a look at the hit your wallet is still going to take as they have reaction tonight from capitol hill. but first a quick recap of what has been happening on the hill since you sat down to dinner. many lawmakers wanted the spending cuts added to it now. they...
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Feb 17, 2013
02/13
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there is a sense more so than the fiscal cliff. the cuts come in more gradually and there there is more time. the deadline will pass. the feeling of inevitability. there is a lot of contingency planning going on. >> we will talk about this next weekend as it looms closely with the deadline. let's switch gears and talk with eleanor about the opposition to the nominee john hhagel. here is senator john mccain on "meet the press." >> we feel he will have the votes to be confirmed as the secretary of defense. i don't intend to give those up when other senators continue to have reasonable questions. i mean reasonable. >> you are not a yes vote for your old friend? >> no, i don't believe he is qualified. i don't believe we should hold up his nomination any further. >> can you tell me what is going on here, eleanor with this? we have a week delay and probably going to be confirmed. >> senator hagel supported barack obama over john mccain. i think it is very personal with mccain. i think with other republicans, they are looking ahead to the
there is a sense more so than the fiscal cliff. the cuts come in more gradually and there there is more time. the deadline will pass. the feeling of inevitability. there is a lot of contingency planning going on. >> we will talk about this next weekend as it looms closely with the deadline. let's switch gears and talk with eleanor about the opposition to the nominee john hhagel. here is senator john mccain on "meet the press." >> we feel he will have the votes to be...
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Jan 15, 2013
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companies spent more than in 20--11, however, superstorm sandy and fiscal cliff uncertainty disrupted end of the year travel expenditures. wall street is proving you can't always bank on your bonus. several big banks will trim bonuses for 2012. barclays and deutsche bank are cutting extra cash for employees by between 10 and 20 percent. the financial times says goldman sachs is looking to delay a round of bonuses. the wall street journal reports a board is considering cutting jamie dimon's bonus due to last year's trading debacle, which cost jp morgan chase billions. the department of homeland security is still not satisfied that oracle has fixed flaws in java software - flaws that leave users vulnerable to hacking. the issue is with the jdk7 version of the java web surfing software. late last week, users were advised to disable the software. oracle provided a fix over the weekend. but monday, the department of homeland security's computer emergency readiness team said the software bugs remain and the software should continue to be disabled. oracle has not yet responded to this latest
companies spent more than in 20--11, however, superstorm sandy and fiscal cliff uncertainty disrupted end of the year travel expenditures. wall street is proving you can't always bank on your bonus. several big banks will trim bonuses for 2012. barclays and deutsche bank are cutting extra cash for employees by between 10 and 20 percent. the financial times says goldman sachs is looking to delay a round of bonuses. the wall street journal reports a board is considering cutting jamie dimon's...
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Jan 3, 2013
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. >> president obama signed a bill law to avoid the fiscal cliff. the new law preserve tax cuts earning lessls than $400,000 and extends benefits.nt the president, vacationing in , signed the bill with a stool that mimics his signature. overnight, the president signed a $633 billion defense bill for year that tightens penalties on iran and bolsters security and diplomatic missions worldwide. september's deadly attack the u.s. consulate in benghazi, libya. >> a virginia man was murder sentencen and death were overturned if could soon be free. wolfedge ordered justin be released from prison unless a federal appeals court intervenes. the judge ruled last week he retried for 2001 -related murder because of misconduct by prosecutors. the attorney general of virginia tried to block the release. >> the survivors of last month's schoolook elementary to classwill return this morning. a differente in building that has been transformed by neighboring communities. rob nelson has more. >> as the children from sandy elementary school ride the today, the streets w
. >> president obama signed a bill law to avoid the fiscal cliff. the new law preserve tax cuts earning lessls than $400,000 and extends benefits.nt the president, vacationing in , signed the bill with a stool that mimics his signature. overnight, the president signed a $633 billion defense bill for year that tightens penalties on iran and bolsters security and diplomatic missions worldwide. september's deadly attack the u.s. consulate in benghazi, libya. >> a virginia man was...
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members of the house voted to pull us back from the fiscal cliff. a late night vote prevents tax hikes and cuts. many are slamming t deal. we'll break down the compromise and tell you why you'll still be getting less in your paycheck. >>> right now, though, we're in for some cold temperatures. we're talking about the temperatures right now. it's quite cold out there. you may see a few flurries flying around when you step outside. the weather deck with more. tom, good morning. >>> the cloud cover is breaking up a little bit. i can see a little bit of the moon trying to shine through. a little sun at sunrise. as students and teachers head back to school, you need your warmest winter coat. we do have a big area of cold air that's now beginning to move in from the midwest and thinning out the cloud cover as the cold, dry air pushes in. we have a few lingering sprinkles and flurries northern neck of virginia. the lower part of the eastern shore, but the rest of the region, now, we're just seeing that cloud cover thinning out. all the areas in the lavende
members of the house voted to pull us back from the fiscal cliff. a late night vote prevents tax hikes and cuts. many are slamming t deal. we'll break down the compromise and tell you why you'll still be getting less in your paycheck. >>> right now, though, we're in for some cold temperatures. we're talking about the temperatures right now. it's quite cold out there. you may see a few flurries flying around when you step outside. the weather deck with more. tom, good morning....
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Jan 2, 2013
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for this morning's pre trading numbers suggest that investors are encouraged by the fiscal cliff bill approved late last night. if additional challenges still remain this morning, including raising the debt ceiling, off and plans for postpone spending cuts. this morning the monthly manufacturing index will be released at 7:00. we will carry this morning's opening bell for you live on. >> taking a look a gas prices across the bay area. the average price for gasoline at regular in sampras's go is $3.64 this morning. across the bay in san jose and oakland average is $3.55 and $3.54. these prices compare to this one is the average of $3.57. >> the federal aviation administration is ordering $5 million in new inspection of its boeing 737 spirit its is in response to a football sized hole that was found in the roof of an aging southwest airlines plane during a flight in july of 2009. the pilots ended up making an emergency landing. the faa is now calling for repetitive inspections for cracking in the top of the fused ledge of more than 100 planes. most of them are flown by southwest airline
for this morning's pre trading numbers suggest that investors are encouraged by the fiscal cliff bill approved late last night. if additional challenges still remain this morning, including raising the debt ceiling, off and plans for postpone spending cuts. this morning the monthly manufacturing index will be released at 7:00. we will carry this morning's opening bell for you live on. >> taking a look a gas prices across the bay area. the average price for gasoline at regular in sampras's...
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Jan 3, 2013
01/13
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because we've got three more fiscal cliffs. >> reporter: deep automatic spending cuts, or a new combination of taxes and cuts that could result in a fiscal diet both parties say is needed, but not for their projects. think about it. the federal government now boroughs about 40-cents of every dollar it spends. that's led to a maximum $16.4 trillion debt. if the debt ceiling is not raised, the nation could default on its spending. >> if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. >> the president has maxed out his credit card, and he's not going to get an unlimited credit card. >> reporter: the next few months will be a real test for congress, and for new nebs who think they can break the impasse between parties. rita williams, ktvu, channel 2 news. >>> relief over the fiscal cliff deal may be short lived as americans realize their payroll taxes are going up. the deal in congress reinstates the 2% cut in the social security payroll tax that was waived two years ago, to stimu
because we've got three more fiscal cliffs. >> reporter: deep automatic spending cuts, or a new combination of taxes and cuts that could result in a fiscal diet both parties say is needed, but not for their projects. think about it. the federal government now boroughs about 40-cents of every dollar it spends. that's led to a maximum $16.4 trillion debt. if the debt ceiling is not raised, the nation could default on its spending. >> if congress refuses to give the united states...
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Jan 3, 2013
01/13
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because we've got three more fiscal cliffs. >> reporter: deep automatic spending cuts, or a new combination of taxes and cuts that could result in a fiscal diet both parties say is needed, but not for their projects. think about it. the federal government now boroughs about 40-cents of every dollar it spends. that's led to a maximum $16.4 trillion debt. if the debt ceiling is not raised, the nation could default on its spending. >> if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. >> the president has maxed out his credit card, and he's not going to get an unlimited credit card. >> reporter: the next few months will be a real test for congress, and for new nebs who think they can break the impasse between parties. rita williams, ktvu, channel 2 news. >>> relief over the fiscal cliff deal may be short lived as americans realize their payroll taxes are going up. the deal in congress reinstates the 2% cut in the social security payroll tax that was waived two years ago, to stimu
because we've got three more fiscal cliffs. >> reporter: deep automatic spending cuts, or a new combination of taxes and cuts that could result in a fiscal diet both parties say is needed, but not for their projects. think about it. the federal government now boroughs about 40-cents of every dollar it spends. that's led to a maximum $16.4 trillion debt. if the debt ceiling is not raised, the nation could default on its spending. >> if congress refuses to give the united states...
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Jan 15, 2013
01/13
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after the bell, fed chief ben bernanke praised washington's recent fiscal cliff deal which he said probably would have caused a recession this year. but he cautioned, quote, we are not out of the woods yet, calling ongoing battles over spending cuts and the debt ceiling critical watersheds. >>> elsewhere, a troubling new report finds more than one in four workers are dipping into retirement funds to keep up with their current bills. apparently folks in their 40s are most likely to do that. >>> some good news, though, on the housing front. new numbers show home prices rose 7.5% in 2012, the most in six years thanks to improving demand and fewer foreclosures. >>> swiss group swatch is adding some sparkle to the brand, scooping up harry winston's luxury line of jewelry and watches for about $1 billion. >>> toyota has once again dethroned general motors as the world's top-selling automaker, selling just under 10 million vehicles last year. >>> coca-cola is taking some heat for its new ad campaign encouraging people to come together to fight obesity. critics say coke is just doing damage control
after the bell, fed chief ben bernanke praised washington's recent fiscal cliff deal which he said probably would have caused a recession this year. but he cautioned, quote, we are not out of the woods yet, calling ongoing battles over spending cuts and the debt ceiling critical watersheds. >>> elsewhere, a troubling new report finds more than one in four workers are dipping into retirement funds to keep up with their current bills. apparently folks in their 40s are most likely to do...
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Oct 1, 2013
10/13
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the fiscal cliff, the sequesterer that became the obama quester. these are all one after another. republicans deciding that they are going to try to hole obama hostage, to try to get usually spending cuts or now they've turned to getting rid of obamacare. they say we don't want the government to shut down. we cope want to go over the cliff. we don't want the sequester. no matter how much we bang on our spoons and our high chair and point out what's going on, they can say whatever they want and a significant percentage of the country will believe it. >> it does seem the president's posture is different than in the past, in 2011. he wanted to use that leverage to get some big grand bargain. he does not seem interested. >> no. he is just sitting back and watching. i think in the other difference, we were fating about the budget. about their at least paper interest. >> during a moment of budget crisis, we were talking about the composition of the budget. now they are talking about every right wing part. give us something. can we get rid of contraception? the hostage taking is not even
the fiscal cliff, the sequesterer that became the obama quester. these are all one after another. republicans deciding that they are going to try to hole obama hostage, to try to get usually spending cuts or now they've turned to getting rid of obamacare. they say we don't want the government to shut down. we cope want to go over the cliff. we don't want the sequester. no matter how much we bang on our spoons and our high chair and point out what's going on, they can say whatever they want and...
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Jan 5, 2013
01/13
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. >>> well, after surviving the fiscal cliff, washington now faces a new obstacle -- cutting spending and the debt. both sides are digging in. >>> and prosecutors are ready to outline their case against the man accused of burglaring a dozen people inside that colorado movie shooting. c'mon dad! i'm here to unleash my inner cowboy... instead i got heartburn. [ horse neighs ] hold up partner. prilosec isn't for fast relief. try alka-seltzer. kills heartburn fast. yeehaw! but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. try capzasin-hp. it penetrates deep to block pain signals for hours of relief. capzasin-hp. take the pain out of arthritis. >>> it is the political version of chicken. a divide
. >>> well, after surviving the fiscal cliff, washington now faces a new obstacle -- cutting spending and the debt. both sides are digging in. >>> and prosecutors are ready to outline their case against the man accused of burglaring a dozen people inside that colorado movie shooting. c'mon dad! i'm here to unleash my inner cowboy... instead i got heartburn. [ horse neighs ] hold up partner. prilosec isn't for fast relief. try alka-seltzer. kills heartburn fast. yeehaw! but...
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Dec 21, 2013
12/13
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cliff deal. it ended the tax cuts and raised the capital gains rate. it brought in serious new revenue, ending the bush tax cuts for the wealthiest americans was rouge u huge. this was something president obama campaigned on twicep after he got reelected in 2012, he got it done. then, well, the president said it yesterday, at the end of the year press conference. >> a lot of our legislative initiatives in congress had not moved forward as rapidly as i liked. >> for one thing, we commemorated the anniversary of the sandy hook school shooting in new town, connecticut. in response to that, obama made it one of his chief legislative prioritys to institute background checks. public opinion seemed to be with him. it was a 4691 margin in all polls, something almost everyone said needed to happen. conservative joe manchin teamed up with pat toomey of pennsylvania. it looked like the nra's nearly two decade undefeated streak on capitol hill was about to come to an end. it didn't t. gun lobby not hard, bac
cliff deal. it ended the tax cuts and raised the capital gains rate. it brought in serious new revenue, ending the bush tax cuts for the wealthiest americans was rouge u huge. this was something president obama campaigned on twicep after he got reelected in 2012, he got it done. then, well, the president said it yesterday, at the end of the year press conference. >> a lot of our legislative initiatives in congress had not moved forward as rapidly as i liked. >> for one thing, we...
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Jan 14, 2013
01/13
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because the fiscal cliff deal ends the cut in payroll taxes, the average worker this year will take home about a thousand dollars less. ♪ hey when paul gets really bummed out that's when i ♪ ♪ get scared but when paul says there's a glint of home ♪ ♪ i feel we've all been spared >> that's is for this week. at our website billmoyers.com you can find much more on money in politics. including an illustrated guide comparing the gilded age of the 19th century to our gilded age today. plutocrats, then and now. that's at billmoyers.com. i'll see you there and i'll see you here, next time. >>> don't wait a week to get more moi yst yers. visit bill moyers.com. this is available on dvd for 19.95. to order call 1-800-336-1917 or write to the address on your screen. >>> funding is provided by carnegie corporation of new york, celebrating 100 years of philanthropy and committed to doing permanent good in the world. the kohlberg foundation. independent production fund, with support from the partridge foundation, a john and polly the bernard and audre rapoport foundation. the john d. and cath
because the fiscal cliff deal ends the cut in payroll taxes, the average worker this year will take home about a thousand dollars less. ♪ hey when paul gets really bummed out that's when i ♪ ♪ get scared but when paul says there's a glint of home ♪ ♪ i feel we've all been spared >> that's is for this week. at our website billmoyers.com you can find much more on money in politics. including an illustrated guide comparing the gilded age of the 19th century to our gilded age today....
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Jan 23, 2013
01/13
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the action we took new year's day to avoid the fiscal cliff brought our total deficit reduction over the past two years to $2.5 trillion. what's more, it set the stage for future further balanced agreements that include both spending cuts and new revenue. we should proceed with that effort, not plunge into further uncertainty. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentleman from smch recognized. mr. camp: i yield myself 15 seconds to say, standard and poor's downgraded the u.s. on august 5 after the solution was passed. therefore it reflects that what we agreed to falls short to stabilize the medium-term debt die nam ins. with that i yield two minutes to a distinguished member of the ways and means committee, the gentleman from wisconsin, mr. ryan. mr. ryan: i ask unanimous consent to revise and extend. the speaker pro tempore: without objection, recognized for two minutes. mr. ryan: you know what we know with certainty? we know with certainty a debt crisis is coming to america. this is not a question of if, it's a question of when. wh
the action we took new year's day to avoid the fiscal cliff brought our total deficit reduction over the past two years to $2.5 trillion. what's more, it set the stage for future further balanced agreements that include both spending cuts and new revenue. we should proceed with that effort, not plunge into further uncertainty. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentleman from smch recognized. mr. camp: i yield myself 15 seconds to say,...
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Apr 15, 2013
04/13
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out of the fiscal cliff negotiations. isn't it reasonable to expect corporate america having paid such low effective rates to contribute a little to closing the budget gap and to the cost of our national security? >> congressman, our budget and our policy very much states that we think there ought to be more fair distribution much tax burden, raising the top rates was a part of that. having individual tax reform that raises revenue by limiting the value of deductions for high-income individuals as part of it. i think when you look at the difference between business and corporate tax reform, the beneficiaries of great corporate income and wealth are the same people who are in the very highest tax brackets. we have elected to try and do business tax reform in a way that will really enhance investment in the united states and job creation and we've done the revenue-raising on the individual side. i'm not sure that there are different people who are paying the taxes in the end because corporations pay out, you know, to their
out of the fiscal cliff negotiations. isn't it reasonable to expect corporate america having paid such low effective rates to contribute a little to closing the budget gap and to the cost of our national security? >> congressman, our budget and our policy very much states that we think there ought to be more fair distribution much tax burden, raising the top rates was a part of that. having individual tax reform that raises revenue by limiting the value of deductions for high-income...
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Oct 17, 2013
10/13
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i think paul ryan voted yes on the fiscal cliff and i think that was a real political problem for him. and i think if you look at those votes, as you point out, these are potential 2016 presidential candidates. they decided that they could vote no. it would still pass. it would still pass and they would then have some credibility with the tea party. these people are afraid. people are afraid of losing their senate seats. they're afraid of losing their house seats, being primaried on the right. and this is a real problem. this vote last night was scored by conservative groups like heritage -- >> what does that mean? >> a no vote counts against you. i mean a yes vote counts against you if you're a conservative. so, this was tough for a lot of people. >> i was surprised about paul ryan voting nay. never mentioned obama care in that wall street journal op-ed deal. he was criticized by a bunch of republicans for failing to talk about obama care in that article. yesterday, he went ahead and voted against this deal. >> and i think for two reasons gloria just mentioned. number one, tea party
i think paul ryan voted yes on the fiscal cliff and i think that was a real political problem for him. and i think if you look at those votes, as you point out, these are potential 2016 presidential candidates. they decided that they could vote no. it would still pass. it would still pass and they would then have some credibility with the tea party. these people are afraid. people are afraid of losing their senate seats. they're afraid of losing their house seats, being primaried on the right....
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Mar 1, 2013
03/13
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he killed them on the fiscal cliff. he could give them relief. he could do the cuts himself. he's staying after them here. he's now talking about marriage equality, putting them on their heels there. this week conservatives have been put in the position to be against the civil rights act of 1965. last night, they were against violence against women. >> right. >> i mean, you know, rich lowrie with "the national review" wrote a column that said our party right now, we're sort of in the ditch. you know, just get a blanket. find an old blanket on the side of the road and pull it over you because we're going to be in the ditch for a while. but they are setting -- republicans -- some of the wounds, of course, are self-infli self-inflicted, as they always are, but the president's on a run, and he is not going to let them off the mat right now. >> kelly, we have republicans on, and i say, okay, how come you won't talk? it's because we won't raise taxes. the president wants to close loopholes. i will ask in that same conversation, are you for closing loopholes, and they'll say yes. wh
he killed them on the fiscal cliff. he could give them relief. he could do the cuts himself. he's staying after them here. he's now talking about marriage equality, putting them on their heels there. this week conservatives have been put in the position to be against the civil rights act of 1965. last night, they were against violence against women. >> right. >> i mean, you know, rich lowrie with "the national review" wrote a column that said our party right now, we're...
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Jan 2, 2013
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ceiling. >> three set up three more fiscal cliffs. we are gonna look back on this night and regret it. >> president obama rejoined his family in hawaii this morning. the white house had no immediate details when the president will receive and sign the bill. >>> well, stocks are sharply higher due to the fiscal cliff deal but some market watchers are cautioning that the euphoria could be short-lived because of the many challenging issues that remain unresolved. the dow is slightly off, but remaining up more than 200 points. it's up now 235 at 13,339. well, despite the fiscal cliff deal, everyone's paycheck will still be at least a little bit smaller this year. ktvu's janine de la vega is in los gatos to explain about the end of the payroll tax holiday. >> reporter: good afternoon. this tax cut has expired and it will affect every wage earner. most people that we spoke to this morning had no idea that it would affect their paychecks this year. now, here's what workers need to know -- the -- the past two years, americans were enjoying a
ceiling. >> three set up three more fiscal cliffs. we are gonna look back on this night and regret it. >> president obama rejoined his family in hawaii this morning. the white house had no immediate details when the president will receive and sign the bill. >>> well, stocks are sharply higher due to the fiscal cliff deal but some market watchers are cautioning that the euphoria could be short-lived because of the many challenging issues that remain unresolved. the dow is...
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Mar 6, 2013
03/13
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it was very clear in negotiations in the fight over the fiscal cliff. that obama no interest in cutting the deficit. has no interest in cutting spending. he simply is not interested in that. he has, to his credit, a vision of america, it's not mine. it's not yours. but he has a vision. he outlined it openly in his state of the union address. of an entitlement state, more along the lines of europe. he thinks it's a more just society. what he has been interested in is this. in order to enact the vision. in order to enact things like obama care, he needs control of the congress. so what is unique about him is normally a second term president is not interested in the polls. not interested in politics. he wants to enact his agenda but obama knows that as long as the republicans control the house, he can't proceed. >> bill: all right. >> he saw that in the first term. >> bill: the welfare of the economy be damned, i'm going to get this ideological jihad done by making the people be angry at the republicans because they can't possibly compromise on this. >> ri
it was very clear in negotiations in the fight over the fiscal cliff. that obama no interest in cutting the deficit. has no interest in cutting spending. he simply is not interested in that. he has, to his credit, a vision of america, it's not mine. it's not yours. but he has a vision. he outlined it openly in his state of the union address. of an entitlement state, more along the lines of europe. he thinks it's a more just society. what he has been interested in is this. in order to enact the...